forbes.com Archives - 13 January 2013, Sunday

Seems to me that PayPal has overstepped itself and put itself in the hot seat of legal responsibility that it should have fought harder to insulate itself from to start with. By taking on the watchdog position of policing everyone who uses their service they opened themselves to being...

They can sieze the .com but if the service is hosted outside the U.S., there’s less that can be done. Since the online casino operator doesn’t know from where the bitcoin wagers (or bitcoin deposit transactions) are sent, all these operators could do to comply would be to block IP tra...

I’ve never actually understood why adult Americans aren’t allowed to gamble their money online. It’s not as if gambling itself, or poker, or even losing money, is illegal across the US. There are plenty of places where you are allowed, nay encouraged, to do this. But given that laws h...

How To Spot A Fake Louis Vuitton: 10 Questions to Ask Train your eye to spot a counterfeit Louis Vuitton handbag by looking at the real thing in person – at a boutique or an authorized dealer. Susan Scafidi, who heads the Fashion Law Institute at Fordham Law School, put these three ba...

Cris Zander, owner of a San Francisco consignment shop, holds what looks like a gently used Louis Vuitton handbag. But is it real? Photo: Wendy S. Goffe Let’s say you have some spare cash after the holidays (maybe from an unwanted gift you returned) and would like to treat yourself to...

Counterfeiting is a $600 billion dollar industry, according to International Anti-Counterfeiting Coalition, accounting for 7% of world trade. Some luxury purveyors have called it flattering to have their products copied, but others are not as amused. Fendi just won a $10.05 million se...

The Great Depression dealt a near-fatal blow to such common-sense thinking about prices and the price level. A new generation of economists became so obsessed with avoiding the bad kind of deflation that they all but forgot about the good kind. Followers of Keynes advocated inflationa...

The words Dorado Beach recall an era of glamorous travel in the 1960s, when the Hollywood elite, social jetsetters, and presidents like John F. Kennedy buzzed down to Puerto Rico for time in the sun. Just outside San Juan, Dorado Beach was the place to go after Laurance Rockefeller, a...

Burpple Pte. Ltd. , the Singapore-based startup behind the highly impressive food app for iPhone, has just obtained its first major funding of US$500,000, led by Neoteny Labs along with QuestVC. Both VCs are poised to strategically assist Burpple to expand its product functionality an...

While an individual’s bitcoin transactions may still be semi-private, the auditable address links on the block chain and identity requirements for entering or exiting the exchange will remove any doubt as to how much bitcoin was spent or earned. Also, the case can be made that, despit...

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It is against the law to solicit U.S. persons to buy and sell commodity options, even if they are called ‘prediction’ contracts, unless they are listed for trading and traded on a CFTC-registered exchange or unless legally exempt. The requirement for on-exchange trading is important f...

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Move up http://i.forbesimg.com t Move down L.A. Auto Show Roundup: Electric Cars and Sports Cars Share Spotlight Matthew de Paula Contributor 6 Impressive New Cars for 2013 Matthew de Paula Contributor The 2014 Acura RLX made its debut at the L.A. Auto Show. It goes on sale in spring ...

Chua is the eldest in a family of 12 children from her father’s two wives and spent her early years surrounded by luxury–servants, nice cars and a tennis court behind the family’s stately bungalow on Tanglin Road, home to many of Singapore’s wealthy. But at the age of 10 her father’s ...

Chua is the eldest in a family of 12 children from her father’s two wives and spent her early years surrounded by luxury–servants, nice cars and a tennis court behind the family’s stately bungalow on Tanglin Road, home to many of Singapore’s wealthy. But at the age of 10 her father’s ...

Singapore is another Asian city-state in the top 10, moving way up from No. 36. This is what can happen when you're home to the world's most trafficked sea ports, money pours in, societies improve and with it, the quality of life for the locals born and raised there.

Each of Balanced’s customers is a potential Bitcoin merchant. Zaarly is using Balanced to provide payments handling for its peer-to-peer task market. Instead of Zaarly having to build its own, it can used Balanced’s API. With Bitcoin there is a little different flow. You can’t pull fu...

Move up http://i.forbesimg.com t Move down When Path Met Pinterest: An Inside Look At New Food App Called Burpple Lim Yung-Hui Contributor Burpple food app is beautiful and now even more useful. The new Explore feature in its latest app release (v1.2) makes it easier for people to dis...

Muddy Waters’ chief Carson Block has a reputation for sinking stocks on the back of his research, which usually involves picking apart a company’s financial records. In the case of Olam, a key allegation by Block is that the company overstates the income from its plantations using an ...

In no particular order, Toronto born Viia Beaumanis honed her sense of style as a thrower of fashiony parties, a creative consultant for soigné hotspots, a style and beauty reporter, a newspaper social columnist, a fashion magazine features editor, a lifestyle journalist, an Adriatic ...

You are absolutely right. Your vote still counts, especially when it comes to congressmen! Our senators in both parties are cowards at best and traitors at worst. Until we replace them with friends of the Constitution, our country will continue to decline. As to the president, his pow...

A royal battle between two top Asian tycoons is underway for a controlling stake in Fraser And Neave, a 129-year old Singapore -listed property and beverage giant. Thai billionaire Charoen Sirivadhanabhakdi , Thailand ’s third richest person and F& N’s biggest shareholder with over a ...

In its most recent 10-Q filing with the SEC Citi says , ” In connection with the investigations and inquiries regarding submissions made by panel banks to bodies that publish various interbank offered rates, certain Citigroup subsidiaries have received additional requests for informat...

A few US-based pharmaceutical programs, notably Health Solutions Network (which we did not study in our analysis), enabled Cash-On-Delivery (COD) payments for their customers when their Visa processing was disabled. Ultimately, the effectiveness of such mechanisms depends on their fam...

A few US-based pharmaceutical programs, notably Health Solutions Network (which we did not study in our analysis), enabled Cash-On-Delivery (COD) payments for their customers when their Visa processing was disabled. Ultimately, the effectiveness of such mechanisms depends on their fam...

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Bitcoin bypasses the need for an external dongle because it bypasses the existing railroad tracks of the entrenched legacy players like VISA and Mastercard. Just as the newly-funded VC favorites of Boku, Jumio, and CardSpring layer on top of the legacy network, Square and PayPal repea...

Sylvia Vorhauser-Smith is Senior Vice President of Research at PageUp People. She is responsible for driving thought leadership in the field of human capital management for global organisations facing cross border expansion and growth. Vorhauser-Smith has more than 25 years of experie...